About Cultured Meat
Cultured meat is meat produced by in vitro cultivation of animal cells instead of from slaughtered animals. Scientists feed and nurture the cells so they can multiply to create muscle tissue, which is the main component of the meat we eat. According to the Food and agriculture organization of the United Nations (FAO), the demand for meat is going to increase by more than two-thirds in the next 40 years and current production methods are not sustainable. Cultured beef is likely a more sustainable option that will change the way we eat and think about food forever.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cultured Meat market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Memphis Meats (United States), MosaMeat (Netherlands), SuperMeat (Israel), Just, Inc (United States), Integriculture (Japan), Aleph Farms Ltd (Israel), Finless Foods Inc. (United States), Avant Meats Company Limited (China), Balletic Foods (United States) and Future Meat Technologies Ltd (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Appleton Meats (Canada), Higher Steaks (United Kingdom), Biofood Systems LTD (Israel), Fork & Goode (United States) and Meatable (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Cultured Meat market by Type (Poultry, Pork, Beef and Duck), Application (Nuggets, Burgers, Meatballs, Sausages, Hot dogs and Others (include pet food and foie gras)) and Region.
On the basis of geography, the market of Cultured Meat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Cultured Meat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing consumer interest, Consumers are increasingly interested in plant-based and alternative protein sources including cultured meat
Market Growth Drivers:
Increasing demand for meat and meat products worldwide, High demand for protein reached food and Nutritional benefits of the cultured meat
Challenges:
Stringent government rules and regulations and Lack of awareness among consumers
Restraints:
Limited dedicated research activities
Opportunities:
Technological advancements in cellular agriculture and Growing world population
On 14th May 2019, Cargill invests in cultured meat company Aleph Farms, a cultured meat company focused on growing complex meat varieties like steak. Cargill is participating in a Series A investment round led by VisVires New Protein and joined by several other investors looking to move Aleph Farms’ product from prototype to the commercial marketplace.
In the European Union, cultured meat is regulated by the European Food Safety Authority (EFSA). The EFSA is responsible for assessing the safety of cultured meat products, while the European Commission oversees the regulation of these products
Key Target Audience
Cultured Meat Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Bodies & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.